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Not ment as a cross ramp but I've just invested some in GLR. Reason being, it's like a replay of xtract. I'm expecting a pump there. He's reported the first hole of many. So I imagine he won't go mad like he did with xtract lol, but if they start getting daily RNS's, dive in!!
Just remembered to exit this time!
Andrew, either your a terrible investor (like me) or a brilliant secret trader.
On the possibility of a rise in SP on Q2 revenue, I don't think it will that much at all, reason being, the numbers.
Q1 140KG
COLIN AND BOARD, at the agm agreed around 65KG is approximately where we will be. They said some months would be better and some worse (obviously, its mining).
So, if Q2 stays like this, we might get an extra 40-55KG for the Quarter. That is, after exspenses and tax, £50k to £70k a month more.
Not going to send the SP rocketing, especially when BR is done and shareholders won't se a penny.
That's OK because one day, Colins reputation will be in tatters......
Yes howzap, you have described it perfectly, but I would say....the next bunch of gullible idiots, not confident shareholders, to carry on colins gravy train.
I used to be you, telling the people who are saying bad things, that they are just trying to deramp to get in cheaper, or trade it, or, your just jealous because we're making money and you sold......
It goes on and on in a big cycle.
I've made very little in 5 years, I should have listened and sold on the spike. I will on the next spike, while the rest of the "confident shareholder" wait for the pot of gold that never materialises.
Ohh yeah, and my share of the company halfed (before i sold some) due to bushranger, which is currently worthless. If we had no bushranger, I would likely be happy with my sale of shares at 4p. (My original target)
Colin has been tweeting about copper and not tagging Xtract again. Shows what he thinks of bushranger. If it's not worth a little tag on twitter, is it worth 200 million!
I see the boards got lots of new and old posters here. Pump brigade back, I'm ready to offload this time.
Andrew, I still hold 2 million shares. So for you to say I'm trying to get the price down, it's a bit insulting. As you know, trying to sell in volume, is difficult. If I try selling the rest this week, I imagine I'll get an average of 1.3 for them? Maybe less?
I can't help venting my frustration on here, even if it means the risk of costing me money!
Gixxer, who are you on telegram?
Fancy a private chat?
Maybe I need a second opinion on the AGM.
I went in being disappointed, the agm just confirmed my gut feeling. Want to check my emotion going into the meeting didn't cloud my judgement. Same to you Jezzo.
Been looking into the law about recording AGMs.
If you get enough shareholders, you can request the AGMs to be recorded, and maybe video recorded. As a shareholder who missed a couple, I would like to have access if I can't attend.
Maybe I should share it? Apparently reporters record secretly and realse to the public for public intrest without lawsuits.
I would constitute it as shareholder intrest.
I'd be happy with 100-200m. Colin said we were all hoping to get 150-400m. He said we're disappointed. So to me, we won't even get 150 m.
I would take 10p for BR, I don't believe we would get that, currently.
Colin said the numbers are great at $10k copper, i thought that's good. That was until I done the maths and it's over $4.5 per LB.
No one is using thise figures.
That's why we are waiting for 24/25.
The copper price might not be good enough by then.
It just proves colins been living through his teeth.
I'll stop posting the negative stuff as I've been a very invested xtract holder over the years and know what it's like to have faith in a share and for people to post negatively about it.
3hundred, if I shared the meeting recording, you would see a drop in the SP.
It's quite obvious that some are blinded by rose tinted glasses. I've seen it in AFC energy. I was invested there before the spike and I popped over there to see the same faces talking the same positive potential now. Some people fall in love with a share and never sell. I realised I become one of them in xtract.
I went into the meeting for clarification on BR.
When it might be sold, and how much.
We got the Answer, 24/25 and it will be more than we put in, and a bit more. How people come out of the meeting thinking, 100-200m is beyond me.
Maybe someone else recorded the meeting and will release it. That way people can make up their own minds.
Thought I would get some flack, but I've been here for over 5 years. Talked with gixxer,Bob,CE and Andrew over these long years.
I've had enough, and yes Andrew I may buy back in if it drops, but its only to trade them now. I know Colins tricks now and I'll use the years of experience to try and make some money for once.
I don't currently see any shareholder value ever being delivered from Colin to shareholders.
And to say I'm trying to get the price down, to get back in?
For one, no one person talking on these boards can really affect the share price. Except Steve, which I was shocked in his damage.
2. Why would I buy back in? Don't see any reason to at the moment.
Yes, I think manica has lots of gold, but we have 2 to 3.5 years of production (currently). He said by March we will build a sulphide mine (Colins timescale) can't remember how much for but it's in the millions.
I don't see any revenue from manica ever getting to shareholders. It may pay for some drilling in Africa and more at manica, but I see no point in holding these shares until we get another good drill hit elsewhere that spikes the SP.
The new study at BR, I don't expect to be mind blowing and cause much SP reaction.
Any new acquisition will definitely cause a drop in SP.
I thought maybe a great manica revenue quarter might cause a good spike, but even Colin dismissed a good rise in SP from manica revenue.
He then said we may have a drop on a bad quarter.
There is literally no positive news, other than, we won't need to raise to keep the lights on.
I'll check later. I think he said zambia as it's a better jurisdiction than Mozambique, but I may be getting confused with another conversation.
They are both definitely in Africa, he didn't mention another continent.
It come from Colins mouth.
"We have no Blue Sky"
"Bushranger, disappointing for everyone "
"Hopefully get our money back for BR, and a little more"
"Two new company making projects We are looking at"
Even if we get 10-30 million for in 2 years, will that be given to shareholders as a dividend?....no a chance!!
Manica revenue....6 million dollars=4.67 million pounds. Lets say 4 million after exspenses(optimistic).
32%tax= 2.72M Left
2.72 x 3.5 = £9.45M
Non of which shareholder will see, it will all go on the next treasure hunt.